Economics, Class X Globalisation and the Indian Economy Chapter 4 Worksheet What are MNC’S? Explain with the help of an example (Pg 56, 57) fine: (a) Investment ‘(b) Foreign investment iscuss the various ways by which MNCs set up production. ‘Production in widely dispersed locations is getting interlinked due to MNCs’. Justify the ent. How does foreign trade result in connecting/integrating markets of different countries? What is globalisation? Explain with the help of an example. What is the role of MNCs in the process of globalisation? (Pg 62) How has development in information technology helped in the process of globalisation? What is a trade barrier? Explain with an example. How is it used by governments? (Pg 64) Define liberalisation. How is it helpful to businessmen? 1. “Trade between countries should be free. There should be no barriers’. Do you agree with statement? Justify. 2. Discuss the role of the WTO in the liberalisation of international trade. (3. What are the steps taken by the government in India to attract foreign investment? jiscuss. 14. Write a detailed note on the positive and negative impact of globalisation in India. 15. ‘For a large number of small producers, workers, globalisation has posed major challenges’. Elucidate with examples. 16. How is ‘flexible’ employment a boon for producers and a bane for workers? 17. Write a note on SEZs. 18. Discuss in detail the impact of globalisation in India. 19, What do you think can be done so that trade between countries is more fair? 20. Distinguish between foreign trade and foreign investment.